LG Display (NYSE:LPL) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a report published on Wednesday.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd.

LG Display Price Performance

LG Display stock opened at $3.31 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. The firm has a market cap of $3.31 billion, a P/E ratio of -1.89 and a beta of 1.33. The business’s fifty day moving average is $3.69 and its two-hundred day moving average is $3.89. LG Display has a 52 week low of $3.28 and a 52 week high of $5.66.

Institutional Investors Weigh In On LG Display

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. raised its position in shares of LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 5,588 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of LG Display during the third quarter worth $797,000. Orion Portfolio Solutions LLC raised its position in shares of LG Display by 24.2% during the third quarter. Orion Portfolio Solutions LLC now owns 48,817 shares of the electronics maker’s stock worth $198,000 after acquiring an additional 9,527 shares during the last quarter. State Street Corp raised its position in shares of LG Display by 1.2% during the third quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock worth $2,545,000 after acquiring an additional 7,412 shares during the last quarter. Finally, FMR LLC raised its position in shares of LG Display by 38.9% during the third quarter. FMR LLC now owns 42,861 shares of the electronics maker’s stock worth $174,000 after acquiring an additional 12,008 shares during the last quarter.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.